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Adhesives and Sealants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 146 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5401600
Description Jump to:
The global adhesives and sealants market size reached US$ 63.2 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 85.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.

Adhesives and sealants refer to various sticking agents that are used for attaching two or more surfaces. Adhesives are chemical mixtures that are applied between two or more objects or materials to hold, fasten or bind them together. They have high shear and tensile strength and the bond could be temporary, semi-permanent or permanent. On the other hand, sealants are semi-solid materials that are primarily used to prevent fluid leakage. They seal components and joints by filling the gaps between substrates to provide a barrier or protective coating. Both adhesives and sealants are based on a variety of formulations, including organic, inorganic, acrylic-, polyurethane- and silicone-based and are commonly used on materials, such as metals, wood, glass and plastics.

Significant growth in the automotive, aerospace, construction, electronics and packaging industries is one of the key factors creating a positive outlook for the market. Furthermore, the increasing requirement for adhesives and sealants for bonding dissimilar materials is also providing a boost to the market growth. These binding agents are rapidly replacing mechanical fasteners, such as welds, screws, rivets, gaskets and fasteners, thereby enabling the product manufacturers to produce lightweight and compact components. Also, in the construction industry, they are increasingly being used for flooring, waterproofing and plumbing applications. Additionally, various product innovations, such as the development of water-based adhesives and organic solvents that are environment-friendly and exhibit higher bonding strength, are contributing to the market growth. Other factors, including increasing product utilization for packaging and furnishing applications, along with extensive infrastructural development across the globe, are expected to drive the market further.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global adhesives and sealants market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on adhesive type, sealant type, technology and application.

Breakup by Adhesive Type:

  • Acrylic
  • PVA
  • Polyurethanes
  • Styrenic Block Copolymers
  • Epoxy
  • EVA
  • Others

Breakup by Sealant Type:

  • Acrylic
  • Silicone
  • Polyurethane
  • Butyl
  • Others

Breakup by Technology:

  • Water-Based
  • Solvent-Based
  • Hot Melt
  • Reactive
  • Others

Breakup by Application:

  • Paperboard and Packaging
  • Building and Construction
  • Transportation
  • Leather and Footwear
  • Furniture
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The report has also analysed the competitive landscape of the market with some of the key players being 3M Company, Arkema S.A, Ashland Global Specialty Chemicals Inc., Avery Dennison Corporation, Beardow & Adams (Adhesives) Limited, Eastman Chemical Company, H.B. Fuller Company, Henkel AG & Co. KGaA, Sika AG and Wacker Chemie AG.

Key Questions Answered in This Report

1. What was the size of the global adhesives and sealants market in 2022?
2. What is the expected growth rate of the global adhesives and sealants market during 2023-2028?
3. What are the key factors driving the global adhesives and sealants market?
4. What has been the impact of COVID-19 on the global adhesives and sealants market?
5. What is the breakup of the global adhesives and sealants market based on the adhesive type?
6. What is the breakup of the global adhesives and sealants market based on the sealant type?
7. What is the breakup of the global adhesives and sealants market based on the technology?
8. What is the breakup of the global adhesives and sealants market based on the application?
9. What are the key regions in the global adhesives and sealants market?
10. Who are the key players/companies in the global adhesives and sealants market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Adhesives and Sealants Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Adhesive Type
6.1 Acrylic
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 PVA
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Polyurethanes
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Styrenic Block Copolymers
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Epoxy
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 EVA
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Others
6.7.1 Market Trends
6.7.2 Market Forecast
7 Market Breakup by Sealant Type
7.1 Acrylic
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Silicone
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Polyurethane
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Butyl
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Technology
8.1 Water-Based
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Solvent-Based
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Hot Melt
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Reactive
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Application
9.1 Paperboard and Packaging
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Building and Construction
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Transportation
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Leather and Footwear
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Furniture
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 3M Company
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Arkema S.A
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Ashland Global Specialty Chemicals Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Avery Dennison Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Beardow & Adams (Adhesives) Limited
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Eastman Chemical Company
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 H.B. Fuller Company
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Henkel AG & Co. KGaA
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Sika AG
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.10 Wacker Chemie AG
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
List of Figures
Figure 1: Global: Adhesives and Sealants Market: Major Drivers and Challenges
Figure 2: Global: Adhesives and Sealants Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Adhesives and Sealants Market: Breakup by Adhesive Type (in %), 2022
Figure 4: Global: Adhesives and Sealants Market: Breakup by Sealant Type (in %), 2022
Figure 5: Global: Adhesives and Sealants Market: Breakup by Technology (in %), 2022
Figure 6: Global: Adhesives and Sealants Market: Breakup by Application (in %), 2022
Figure 7: Global: Adhesives and Sealants Market: Breakup by Region (in %), 2022
Figure 8: Global: Adhesives and Sealants Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Adhesives and Sealants (Acrylic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Adhesives and Sealants (Acrylic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Adhesives and Sealants (PVA) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Adhesives and Sealants (PVA) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Adhesives and Sealants (Polyurethanes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Adhesives and Sealants (Polyurethanes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Adhesives and Sealants (Styrenic Block Copolymers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Adhesives and Sealants (Styrenic Block Copolymers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Adhesives and Sealants (Epoxy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Adhesives and Sealants (Epoxy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Adhesives and Sealants (EVA) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Adhesives and Sealants (EVA) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Adhesives and Sealants (Other Adhesive Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Adhesives and Sealants (Other Adhesive Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Adhesives and Sealants (Acrylic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Adhesives and Sealants (Acrylic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Adhesives and Sealants (Silicone) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Adhesives and Sealants (Silicone) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Adhesives and Sealants (Polyurethane) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Adhesives and Sealants (Polyurethane) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Adhesives and Sealants (Butyl) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Adhesives and Sealants (Butyl) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Adhesives and Sealants (Other Sealant Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Adhesives and Sealants (Other Sealant Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Adhesives and Sealants (Water-Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Adhesives and Sealants (Water-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Adhesives and Sealants (Solvent-Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Adhesives and Sealants (Solvent-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Adhesives and Sealants (Hot Melt) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Adhesives and Sealants (Hot Melt) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Adhesives and Sealants (Reactive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Adhesives and Sealants (Reactive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Adhesives and Sealants (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Adhesives and Sealants (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Adhesives and Sealants (Paperboard and Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Adhesives and Sealants (Paperboard and Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Adhesives and Sealants (Building and Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Adhesives and Sealants (Building and Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Global: Adhesives and Sealants (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Global: Adhesives and Sealants (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Global: Adhesives and Sealants (Leather and Footwear) Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Global: Adhesives and Sealants (Leather and Footwear) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Global: Adhesives and Sealants (Furniture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Global: Adhesives and Sealants (Furniture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Global: Adhesives and Sealants (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Global: Adhesives and Sealants (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: North America: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: North America: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: United States: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: United States: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Canada: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Canada: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Asia Pacific: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Asia Pacific: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: China: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: China: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Japan: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Japan: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: India: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: India: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: South Korea: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: South Korea: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Australia: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Australia: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Indonesia: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Indonesia: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Europe: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Europe: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Germany: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Germany: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: France: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: France: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: United Kingdom: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: United Kingdom: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Italy: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Italy: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Spain: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Spain: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Russia: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Russia: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Others: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Others: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Latin America: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Latin America: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 95: Brazil: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 96: Brazil: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 97: Mexico: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 98: Mexico: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 99: Others: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 100: Others: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 101: Middle East and Africa: Adhesives and Sealants Market: Sales Value (in Million US$), 2017 & 2022
Figure 102: Middle East and Africa: Adhesives and Sealants Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 103: Global: Adhesives and Sealants Industry: SWOT Analysis
Figure 104: Global: Adhesives and Sealants Industry: Value Chain Analysis
Figure 105: Global: Adhesives and Sealants Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Adhesives and Sealants Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Adhesives and Sealants Market Forecast: Breakup by Adhesives Type (in Million US$), 2023-2028
Table 3: Global: Adhesives and Sealants Market Forecast: Breakup by Sealant Type (in Million US$), 2023-2028
Table 4: Global: Adhesives and Sealants Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 5: Global: Adhesives and Sealants Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Adhesives and Sealants Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Adhesives and Sealants Market Structure
Table 8: Global: Adhesives and Sealants Market: Key Players

Companies Mentioned

  • 3M Company
  • Arkema S.A
  • Ashland Global Specialty Chemicals Inc.
  • Avery Dennison Corporation
  • Beardow & Adams (Adhesives) Limited
  • Eastman Chemical Company
  • H.B. Fuller Company
  • Henkel AG & Co. KGaA
  • Sika AG
  • Wacker Chemie AG

Methodology

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Table Information

Report AttributeDetails
No. of Pages146
PublishedOctober 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 63.2 Billion
Forecasted Market Value ( USD ) by 2028 $ 85.2 Billion
Compound Annual Growth Rate5.1%
Regions CoveredGlobal
No. of Companies Mentioned10

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